"It indemnifies the nuclear industry against all liability claims arising from nuclear accidents while ensuring compensation coverage for the general public through no-fault insurance."
Basically what does this mean?
Answer by Drew J
Which word??
Basically, if there is a nuclear accident, the nuclear industry is not held responsible.
Indemnify: To secure against loss
Answer by Philip
Indemnifies - to guard or secure against anticipated loss; give security against (future damage or liability).
In its broadest sense, no-fault insurance is a term used to describe any type of insurance contract under which insureds are indemnified for losses by their own insurance company, regardless of fault in the incident generating losses. In this sense, it is no different from first-party coverage. However, the term no-fault is most commonly used in the context of state/provincial automobile insurance laws in the United States, Canada, and Australia, in which a policyholder (and his/her passengers) are not only reimbursed by the policyholder's own insurance company without proof of fault, but also restricted in the right to seek recovery through the civil-justice system for losses caused by other parties.
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Orignal From: What does this word mean in this sentence?
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